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Seng Thye NgTP 5.50 - 6.00 not too late to enter again ???????????????????????

23/08/2017 09:54

prudentinvestorIt is clear that investors didn't like the proposed merger between RHB Bank and AmBank. Six months ago, RHB and CIMB were at about the same price level. Today CIMB is more than 30% higher.

23/08/2017 10:06

prudentinvestorIf total volume today exceeds 2.75 million shares, which looks very likely, it would be the largest volume in over 2 months. Good chance for RHB to go up further.

masterusA dealer said US Federal Reserve Chair Janet Yellen’s speech at the Jackson Hole Economic Policy Symposium last week did not provide any clue on the US’s monetary policy outlook.

Meanwhile, it was reported that Hurricane Harvey, which hit southeast Texas, would likely pressure the US dollar further, as damage from the storm may threaten the US economy. Texas's Gulf Coast is home to key oil and gas facilities that make up nearly a third of the US's refinery capability.

prudentinvestorNo bank should be trading at a PE of 10. If investors re-rate RHB and decide one day that it should have a PE of say 13, then it will trade at RM6.50.

29/08/2017 14:54

apanamaThe correction is over and over done...normally last day August trading gap from low to high will be about 10++ ..i am not surprise..tomorrow RHB will GREEN..and also other banks as well..:)..tomorrow Market FBMKLCI will settle about 1768-1773

1. 7 cents per 1share unit is equivalent to 700 cents or RM7 per 100 units of share. 2.But if you owned 1000 share units then only the dividend received will be RM 70.00. 3. Likewise if you owned 10K units then your dividend will be RM 700.00 :-)))

Cheers,and quite a decent dividend payout on top of the appreciation in share price return.Regards.

“The sector’s overall valuation in 2017 still appears attractive at a 1.35 times price to book value multiple (on a forward basis) against the past 10-year average of 1.6x and the past five-year average of 1.5x,” it added.

The firm upgraded its rating on AMMB from “hold” to “buy” with a price target of RM5.20 (based on 0.9x P/BV on calendar year 2018). “We believe the recent selling of the stock is unjustified (currently trading at 0.77x P/BV versus the sector at 1.35x), subsequent to the aborted merger plan with RHB Bank Bhd,” it added.

shortinvestor77Not really. Q3 and other Q results of banks will tell. just like Q2 result.

06/09/2017 13:54

diehardunitedI'd rather bet into this stock. Giant in the making! Get ready for the LIMIT UP SOON! http://klse.i3investor.com/m/blog/warrenbuffet/131824.jsp

10/09/2017 18:43

masterusKUALA LUMPUR: The ringgit is expected to continue to strengthen against the US dollar, with an economist predicting it may even hit RM4 to a US dollar at the end of the year. The optimism is based on the good growth in trade and the gross domestic product (GDP). The economy achieved a 5.8% growth in April-June. The Malaysian Reserve quoted Sunway University Business School economics Professor Dr Yeah Kim Leng as saying: “The ringgit has been trading higher these days due to the above-expectations performance of Malaysia’s economy, including the growth in trade and GDP. “Since we have already reached RM4.19 in early September, I would say that it is possible for the ringgit to reach around RM4.10 to RM4 in December.”

13/09/2017 23:43

shortinvestor77No favourable catalyst in the short-term ahead, current conditions prevailing…maintain NEUTRAL. We reiterate our NEUTRAL call as we see no change in the prevailing conditions ahead. There is no concrete catalyst and game changer on the horizon and structural and cyclical headwinds are still prevailing such as; (i) moderating economy, (ii) subdued loans growth, and (iii) downward pressure on NIM. We maintain our MARKET PERFORM call for most of the banking stocks in our coverage with the exception of AFFIN, AFG, AMBANK and RHBBANK, which are at OUTPERFORM as at current share prices, we see attractive proposition with a potential total return of more than 10% each.

Source: Kenanga Research - 14 Sept 2017

14/09/2017 09:27

shortinvestor77For 2QCY17, all the nine (9) banking stocks under our coverage met our expectations. YoY, earnings improved as impairment allowances fell as expected with improvement in asset quality. We also see widening NIMs due to better management in funding costs and better repricing of assets. However, loans growth seemed to be easing. All in, we maintain our NEUTRAL stance on the sector as the prevailing challenges in the economy still remain. As results were mostly in line, we maintain our MARKET PERFORM call for most of the banking stocks in our coverage with the exception of AFFIN (TP: RM3.00), AMBANK (TP: RM5.00), AFG (TP: RM4.15) and RHBBANK (TP: RM5.60) due to their undemanding valuations.

KUALA LUMPUR (Sept 14): Resistance from a trade union was a key reason for the failure of the proposed merger between AMMB Holdings Bhd and RHB Bank Bhd, according to an analyst with Deutsche Bank AG.

“Our visit to the National Union of Bank Employees (NUBE) reinforced our suspicion that staff issues might be a key reason for the merger to be called off,” research analyst Joshua Lee wrote in a report to clients today.

“NUBE was not consulted before the merger discussion announcement and they subsequently sent letters to the central bank, banks involved and the government. The union had two meetings with the banks before the merger was called off,” Lee added, noting that staff cost made up 53.5% and 57% of the total expenses at AMMB and RHB respectively.

Lee said his conversation with three banks — AMMB, Public Bank Bhd and Hong Leong Bank Bhd — and related parties, indicated NUBE has a “material presence” on the country’s banking operations.

He also observed that NUBE has been encouraging its members to upskill in order to stay relevant, and are attempting to unionise outsourced workers.

Established under the Trade Unions Act 1959, NUBE represents around 20,000 bank employees in Malaysia.

Meanwhile, Lee also commented on Malaysia’s loans growth of 1.8% in the first half of 2017 (1H17), saying it was outpaced by the country’s economic growth of 5.7% in the same period.

“Historically, loan growth trends higher than the gross domestic product,” he said. “Our conversations with corporates indicate that many are using their internal funds for capex purposes, and are not planning major expansion that requires gearing up.”

“However, some corporates that we met are wary of being entangled in the ‘winner's curse’, and are happy to wait by the sidelines, until bidding rationalises,” he said, adding: “Nevertheless, they believe that supply will likely fall behind the demand generated by these infrastructure projects in the years ahead.”

As for the implementation of the new accounting standard, Lee said: “Surprisingly, banks are guiding that the impact of IFRS9 could be muted, with several guiding that there would be no impact to capital, with the likely usage of regulatory reserves.”

“Banks that have not disclosed any IFRS9 guidance have their systems in place and are currently doing back testing,” Lee added.

People in Seoul watch a news report about the missile launch (15 Sept 2017)Image copyrightAFP North Korea has fired a ballistic missile across Japan, its second such provocative move in weeks. South Korea's military said the missile reached an estimated altitude of about 770km (478 miles) and travelled 3,700km before landing in the sea off Hokkaido. Japan's PM Shinzo Abe said his country would "never tolerate" North Korea's dangerous actions. "If North Korea continues to walk down this path, it has no bright future," he said in a statement.

15/09/2017 11:55

goldentriangleNorth Korea fires another missile, less than 2 weeks after nuclear bomb test